From Alphastreet - Earnings Decoded. Market Intelligence Delivered · AlphaStreet Newsdesk · · 40s
Sandisk Shares Drop 5.8% Despite Analyst Upgrade
Sandisk shares fell 5.8% Thursday as Mizuho raised price target but investors ignored bullish call.
In brief
Sandisk shares fell 5.8% Thursday as Mizuho raised price target but investors ignored bullish call. Sandisk stock dropped 5.8% after Mizuho increased its price target by 9.3% to $2050, yet investors drove shares lower. Originally reported by Alphastreet - Earnings Decoded. Market Intelligence Delivered.
Sandisk Shares Plunge
Sandisk Corporation plunged 5.8% Thursday despite an analyst upgrade from Mizuho that lifted the price target 9.3%.
Mizuho Raises Target to $2050
The selloff came as Mizuho maintained an Outperform rating and raised its price target to $2050 from $1875.
Investors Ignore Bullish Call
The decline adds to pressure on a stock with a $230.5B market capitalization as investors weighed competing signals.
The one thing
Sandisk stock dropped 5.8% after Mizuho increased its price target by 9.3% to $2050, yet investors drove shares lower.
